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Technical Analysis Fallacy

  • #17,161
  • Jun 27, 2010 6:41pm Jun 27, 2010 6:41pm
Quoting tubguy
GEfx,

The software I am using plays the historical tick data one tick at a time. so the candles form just as they did the moment they were formed in the past.
The trades that are placed are as the candles and formations occur. Just as in a live market. I use it to practice on the weekends or if somewhere I have no internet. I have traded the daily charts with profitable results,but
have a desire to be able to trade any time frame or market. So the learning continues. Now it's the 5min with the hour to guide.
I really appreciate your comments and...
Let me be clear and in part answer fti's comments: the lines are not to be traded but for outlining the trend to those who seem not able to see the trend. Once again, the lines mean nothing, but PA will lead the way. Follow it.
  • #17,162
  • Jun 27, 2010 6:53pm Jun 27, 2010 6:53pm
Quoting GEfx
Let me be clear and in part answer fti's comments: the lines are not to be traded but for outlining the trend to those who seem not able to see the trend. Once again, the lines mean nothing, but PA will lead the way. Follow it.
Thanks GEfx, agreed.
I never like offending someone especially in their own house. Just wanted to make sure I apologized if I had.

Good Trading
Mike
  • #17,163
  • Jun 27, 2010 6:55pm Jun 27, 2010 6:55pm
Quoting tubguy
Fti,

I sincerely hope that the first chart I posted was not what offended you.
The lines are a product of James16 teachings, which was the first profitable
trading that I experienced.

If I have offended you, please accept my apologies.

Good Trading
Mike
Hi mike ,
it offends me not.
but if the newbie, catch on.
Then it can be to their detriment.
The new batch of readers, they do not read well.
Some not even bothered. They try get summary.
There's some "smart" moes here had tried summarise my work.
I should had given them sumarry of notes, instead of trying so hard to explain to them.
Already all sorts of idocacy is creeping in already.
Esp when misled by seems "seniors" on the thread.
Only thing senior about them would be their Parkinsons.
This internet thingy seems wrong media for education.
When failures begins lead, then i can only sit back and watch the stupidity unveil.

nothing personal, just my frustrations , watching a couple of years work go down the drain.
I should had noticed it, when Leighsww fell.
But thought i coulds try help the remaining, seems futile effort.

Its my own fault. I should had listen to christ's advice.

Matthew 7:6 Give not that which is holy unto the dogs, neither cast ye your pearls before swine, lest they trample them under their feet, and turn again and rend you.


regards
  • #17,164
  • Jun 27, 2010 7:13pm Jun 27, 2010 7:13pm
Quoting fti
OMG, you are trading your bias and against the trend.

Line of the day....so many times everyone has done this....



V
  • #17,165
  • Jun 27, 2010 7:23pm Jun 27, 2010 7:23pm
It appears that I have offended fti and disrupted the thread. I am sorry for both. I have tried to be a good advocate of TAF and of fti, and the last thing I want to do is to offend fti. See you around FF and God bless you all.
  • #17,166
  • Jun 27, 2010 7:41pm Jun 27, 2010 7:41pm
Quoting GEfx
It appears that I have offended fti and disrupted the thread. I am sorry for both. I have tried to be a good advocate of TAF and of fti, and the last thing I want to do is to offend fti. See you around FF and God bless you all.
Its not you GEfx.
Its not one person.
It just that i feel that mostly are not in tune of the principles.
So let no one feel bad about this.
I guess it time. What can be done had already been done.
So I just let the thread carry its own.
Its just my stubborn , trying hold all to the basics.


God Bless.
  • #17,167
  • Jun 27, 2010 7:48pm Jun 27, 2010 7:48pm
Quoting fti
Hi mike ,
it offends me not.
but if the newbie, catch on.
Then it can be to their detriment.
The new batch of readers,...
Fti,

I'm glad you were not offended.
I believe I understand your frustration. I have owned 2 business's and I coach little league baseball. I am not as well versed in the bible or trading as yourself, but I believe, if you save only one then your efforts were not in vain.
I sincerely hope you will continue to offer your knowledge and not let frustration (scorpion possibly) get the upper hand. I will definitely be around
with a closed mouth and open ear.
I would very much appreciate your input and comments on the charts I post. If it is not to much trouble.

Good Trading
Mike
  • #17,168
  • Jun 27, 2010 7:49pm Jun 27, 2010 7:49pm
Quoting fti
Its not you GEfx.
Its not one person.
It just that i feel that mostly are not in tune of the principles.
So let no one feel bad about this.
I guess it time. What can be done had already been done.
So I just let the thread carry its own.
Its just my stubborn , trying hold all to the basics.


God Bless.
I think I understand what you mean. It is a shock to me that I would offend you, or that you might take offense to something I post here. I do not think I am helping out here, and it's probably time to exit, at least for a time. fti, if you think of it, please let me know (via PM or email) of your future plans as they develop. I feel your frustration and acknowledge my part in it, but please know that it was clumsy help on my part. Good trading and let's hope the G20 don't mess things up too badly -- LOL.
  • #17,169
  • Jun 27, 2010 7:50pm Jun 27, 2010 7:50pm
FTI,

I have been watching the thread from time to time. I did not make it to fuji, but have been working on myself since you last gave me that advice long time ago.

Your right, the internet is a difficult medium to teach through, as a teacher its very hard (maybe impossible) to get accurate reads on a student and where they are at as a person and with the material. Many come to the internet to hide from themselves.

It would be a shame to see you give up on us, some of us are not just looking for something for nothing, and are using this market experience as a way to better ourselves, and your guidance is appreciated in that journey.

Quoting fti
Hi mike ,
it offends me not.
but if the newbie, catch on.
Then it can be to their detriment.
The new batch of readers,...
  • #17,170
  • Jun 27, 2010 7:56pm Jun 27, 2010 7:56pm
morning from sg! wishing everyone and esp fti a good week ahead. cheers!
  • #17,171
  • Edited 9:03pm Jun 27, 2010 8:53pm | Edited 9:03pm
咳呀,本性難改
  • #17,172
  • Jun 27, 2010 9:01pm Jun 27, 2010 9:01pm
有时您帮助您能的唯一的方式

不会带领破坏，谢谢在您的时间
  • #17,173
  • Jun 27, 2010 9:15pm Jun 27, 2010 9:15pm
Quoting auxesis
Jmho, range sweeps or false breakouts preceding the opposite impulse can be anticipated, another term is a "wash and rinse by Larry Pesavento" where price will spike and take out the preceding support/resistance level before continuing but they are a better signal in hindsight once completed, what you attempted Friday was more of jumping in front of a train, trying to cherry pick a top, imo.

Price manipulation is tough in the heat of battle, during prime hours, more often seen in twilight and in close range.

Regards,

Fana,...
Auxesis,

thanks for highlighting this.
As told by fti I traded my bias and against the trend and that was the key of my mistake.
  • #17,174
  • Jun 28, 2010 12:45am Jun 28, 2010 12:45am
deleted
  • #17,175
  • Jun 28, 2010 12:47am Jun 28, 2010 12:47am
Quoting fti
Already all sorts of idocacy is creeping in already.
Esp when misled by seems "seniors" on the thread.
Only thing senior about them would be their Parkinsons.


SOmetime i wonder am i in this group....bcz this week when i was rereading TAF i saw one thing....

NO ONE that i know off in TAF ever thinks what goes beyond the price charts...so far only FTI provides some clues e.g. Cable is hanging something is going.. i will speak of me ...i only do cost avg with some AOW training...am i making money ..last year i did and this year i am OK....

beiong a TAF reader for like more then 2 years i can say that we do are missing something...

We all have indicators...some people use Dow some people Gold some OIL at the end its still an indicator....or like me Price action....

i came up only to one conclusion ...market goes up and market goes down thats all... everything else is a gray area....

all again i am just speaking my mind it is not intend to anyone or offend anyone...

but whenever i read the TAF there is this GUT feeling that tells i am missing something....


all in all some scorpios i found in me...


V
  • #17,176
  • Jun 28, 2010 1:28am Jun 28, 2010 1:28am
Quoting fti
Hi mike ,
it offends me not.
but if the newbie, catch on.
Then it can be to their detriment.
The new batch of readers,...
Hello Fti. Everytime you were missing here for some months, the thread was sometimes a little abandoned... New people comes mainly when they see new posts. Only steady members check the thread regularly. Good knowledge out of good people is being burried under the surface of time imho. It was hard for me to understand even fundamentals when i started. I didnt know about market structure, about AOW..., i barely knew long and short. "yes, seniority is st. you said...". I dont know whoever sticks to the knowledge, for what purpose and how they can understand it, but i have minimally some marks of manipulation the thread and especially the begginers. Quality is not majority. Here are some members who i trust to. And attacks from environment. And what the new adept coul choose and how? He or she reads the last replay from XY and beggan tons of own thinkings. Without help. Who will repeat that it is necessary to read the thread first.? Instead of this recomendation they will be killing newbies with their own theories and graphs... And in some time you will see some nice spaghetti graph with 10indicators and titled Ftis cross, or something . I know it from my own experience. If Mahesh didnt make clear to me straight some things in my beginning. Now i was totaly astray. Thank you again Fti. Regards
  • #17,177
  • Jun 28, 2010 2:22am Jun 28, 2010 2:22am
Quoting indianguyinny24
SOmetime i wonder am i in this group....bcz this week when i was rereading TAF i saw one thing....

NO ONE that i know off in TAF ever thinks what goes beyond the price charts...so far only FTI provides some clues e.g. Cable is hanging something is going.. i will speak of me ...i only do cost avg with some AOW training...am i making money ..last year i did and this year i am OK....

beiong a TAF reader for like more then 2 years i can say that we do are missing something...

We all have indicators...some people use Dow some people Gold some OIL...
the reason is simple.
coz we really dont know more than what we read or learn from fti.

what fti has learned has came from years of experience, WITHIN the industry. what do we have compared to that?

also be aware that our books are not as huge as his, even now. so the approach has to be different, that i why i have ended my infactuation with rescues and such, just friggin trade, take loss/profit and repeat the cycle...

Personally, i just gather whatever is neccesarry for a sensible trading experience, that is the concept of following price, average range and some good old theories that never age with time as a foundation plus MM.

you cant please everyone but as long you as a person knows where your limits are, then who am i to argue? tbh if you are really one who intends to be walking in the path the boss walks, even the brokers you trade with dont make the cut, basically you are already gambling (technically), and we havent got into MOs yet....
  • #17,178
  • Edited 2:58am Jun 28, 2010 2:32am | Edited 2:58am
Quoting auxesis
有时您帮助您能的唯一的方式

不会带领破坏，谢谢在您的时间
If you can’t beat them, join them!

I bet it has been painful for Aux with the power of words to watch his language atomized by us non native speakers. Now he is taking revenge.

Or is this the AOW stratagem of indirect attack?

Edit: well done, hope to read more Chinese from you
  • #17,179
  • Jun 28, 2010 2:36am Jun 28, 2010 2:36am
Quoting fti
咳呀,本性難改
Hi fti,
You want to give us the river and you see us fetch it in a bucket.

But please don’t give up, as Tubguy said, “if you save only one then your efforts were not in vain.”

Just as children in inner cities think milk come from cartons traders have been conditioned by gurus and sellers water come in a bucket.

The AOW mindset apply for teachers as well as traders – fight, don’t give up on your troops (students)! Okay you may do some beheading when suits


Rgs,
Baifu
  • #17,180
  • Jun 28, 2010 2:54am Jun 28, 2010 2:54am
Quoting fti
Ya, let me sit back , and watch the lines kill some of you.
Yes, thats what I will do.
I can see the trend that is developing in your minds.
Well old dog, old tricks.
What a compliment , some of you bring to my presentation.
I guess much people like spitting into others face.

Rigidity seems to be human nature.
Ok Pay for it, then.
You like spit in my face.
Come, come in the markets and show me you ability to draw straight lines. Following the line down , will be your book. Come show me.
I will wait for you lot in the markets.
Dear FTI

1.Immense gratitude for your sharp sword, I hope that will CONTINUE!.
2.Online communication has minor disadvantages but thanks to God for this possibility.
3.I'm writing a "line is not a wall" and I am a person who likes "one image better than a thousand words" "line as an interpretation".And show how I see the oscillating trend, oscillating price movements and open trading hours.My apologies,I did not realize that newcomers can mess (linechaos).But if someone reads this thread, so he knows = no line "trap for the mind".

Spit on the good guys? ... it is a big crap.

Regards
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